GARCIA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GARCIA
Largest movements
- Receivables within one year +€348,608
up €348,608 (+42.7%), from €816,133 to €1.2m
of which Trade receivables: +€341,540
- Cash +€16,141
up €16,141 (+2102.3%), from €768 to €16,908
mainly Net result for the year (+€262,759) and Depreciation (+€75,255)
- Reserves +€262,759
up €262,759 (+30.9%), from €851,061 to €1.1m
of which Distributable reserves: +€262,759
- Accrued charges and deferred income +€55,713
up €55,713 (+325.5%), from €17,115 to €72,828
- Trade debts +€24,956
up €24,956 (+167.0%), from €14,942 to €39,898
- Tax, wage and social debts +€16,731
up €16,731 (+8.2%), from €203,479 to €220,210
of which Remuneration and social security: +€25,746
- Staff costs +€154,350
up €154,350 (+17.1%), from €902,991 to €1.1m
- Services and other goods -€92,698
down €92,698 (-20.9%), from €443,765 to €351,067
- Other operating income +€88,941
up €88,941 (+649.7%), from €13,690 to €102,631
- Turnover +€77,603
up €77,603 (+4.7%), from €1.7m to €1.7m
- Taxes +€30,247
up €30,247 (+39.9%), from €75,859 to €106,106
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,118,597 | €1,490,757 | +€372,159 | +33.3% |
| Fixed assets | 21/28 | €289,387 | €283,661 | -€5,726 | -2.0% |
| Tangible fixed assets | 22/27 | €289,387 | €283,661 | -€5,726 | -2.0% |
| Plant, machinery and equipment | 23 | €1,358 | €2,270 | +€912 | +67.1% |
| Furniture and vehicles | 24 | €133,279 | €162,548 | +€29,269 | +22.0% |
| Other tangible fixed assets | 26 | €154,750 | €118,844 | -€35,907 | -23.2% |
| Current assets | 29/58 | €829,210 | €1,207,096 | +€377,886 | +45.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €816,133 | €1,164,741 | +€348,608 | +42.7% |
| Trade receivables | 40 | €785,882 | €1,127,422 | +€341,540 | +43.5% |
| Other amounts receivable | 41 | €30,251 | €37,319 | +€7,068 | +23.4% |
| Cash at bank and in hand | 54/58 | €768 | €16,908 | +€16,141 | +2102.3% |
| Deferred charges and accrued income | 490/1 | €12,310 | €25,447 | +€13,137 | +106.7% |
| Total equity and liabilities | 10/49 | €1,118,597 | €1,490,757 | +€372,159 | +33.3% |
| Equity | 10/15 | €871,061 | €1,133,821 | +€262,759 | +30.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €851,061 | €1,113,821 | +€262,759 | +30.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €849,061 | €1,111,821 | +€262,759 | +30.9% |
| Provisions and deferred taxes | 16 | €12,000 | €24,000 | +€12,000 | +100.0% |
| Provisions for liabilities and charges | 160/5 | €12,000 | €24,000 | +€12,000 | +100.0% |
| Other liabilities and charges | 164/5 | €12,000 | €24,000 | +€12,000 | +100.0% |
| Amounts payable | 17/49 | €235,536 | €332,936 | +€97,400 | +41.4% |
| Amounts payable within one year | 42/48 | €218,421 | €260,108 | +€41,687 | +19.1% |
| Trade debts | 44 | €14,942 | €39,898 | +€24,956 | +167.0% |
| Suppliers | 440/4 | €14,942 | €39,898 | +€24,956 | +167.0% |
| Taxes, remuneration and social security | 45 | €203,479 | €220,210 | +€16,731 | +8.2% |
| Taxes | 450/3 | €77,452 | €68,437 | -€9,015 | -11.6% |
| Remuneration and social security | 454/9 | €126,027 | €151,773 | +€25,746 | +20.4% |
| Accrued charges and deferred income | 492/3 | €17,115 | €72,828 | +€55,713 | +325.5% |
| Operating income | 70/76A | €1,682,106 | €1,871,163 | +€189,056 | +11.2% |
| Turnover | 70 | €1,668,416 | €1,746,019 | +€77,603 | +4.7% |
| Other operating income | 74 | €13,690 | €102,631 | +€88,941 | +649.7% |
| Non-recurring operating income | 76A | - | €22,513 | +€22,513 | |
| Operating charges | 60/66A | €1,413,859 | €1,501,473 | +€87,614 | +6.2% |
| Services and other goods | 61 | €443,765 | €351,067 | -€92,698 | -20.9% |
| Remuneration, social security and pensions | 62 | €902,991 | €1,057,341 | +€154,350 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,498 | €75,255 | +€15,756 | +26.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,000 | €12,000 | +€9,000 | +300.0% |
| Other operating charges | 640/8 | €4,605 | €5,810 | +€1,206 | +26.2% |
| Operating profit (loss) | 9901 | €268,247 | €369,690 | +€101,442 | +37.8% |
| Financial charges | 65/66B | €3,132 | €825 | -€2,307 | -73.7% |
| Recurring financial charges | 65 | €3,132 | €825 | -€2,307 | -73.7% |
| Debt charges | 650 | €2,042 | €113 | -€1,929 | -94.5% |
| Other financial charges | 652/9 | €1,090 | €711 | -€378 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €265,115 | €368,865 | +€103,750 | +39.1% |
| Income taxes | 67/77 | €75,859 | €106,106 | +€30,247 | +39.9% |
| Taxes | 670/3 | €75,859 | €106,106 | +€30,247 | +39.9% |
| Profit (loss) for the period | 9904 | €189,257 | €262,759 | +€73,503 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €189,257 | €262,759 | +€73,503 | +38.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.